This article was published by the IRS. Social media can be a resource for up-to-date tax information, especially with the many changes to the federal taxes in 2025. However, taxpayers should be mindful of what accounts they’re following for tax advice. Unfortunately, there’s a lot of inaccurate or scam advice being shared. Which is why it’s [...]
Thieves use email, telephone, and social media for various online scams. They also send fake text messages, known as "smishing." Taxpayers need to remember that the IRS will not contact them by text messaging or social media to ask for personal or financial information. The IRS will also not initiate contact by phone or email. If [...]
This article was published by the IRS. The Department of the Treasury and the Internal Revenue Service have issued guidance providing penalty relief to employers and other payors for tax year 2025 regarding new information reporting requirements for cash tips and qualified overtime compensation under the One, Big, Beautiful Bill. Transition penalty relief for tax year [...]
This article was published by the IRS. The Department of the Treasury and the Internal Revenue Service have provided transitional guidance for businesses required to report car loan interest under the One, Big, Beautiful Bill. Notice 2025-57 provides penalty relief and guidance to certain lenders for new information reporting requirements for car loan interest received in [...]
This article was published by the IRS. A change in a couple’s marital status, such as a separation or divorce, affects their tax situation. The IRS considers a couple married, for tax filing purposes, until they get a final decree of divorce or separate maintenance. Update tax withholding When a taxpayer divorces or separates, a new [...]
